Meeting Details

The voting was conducted through remote e-voting only, without a physical meeting. The voting period commenced at 9:00 AM on Thursday, June 11, 2026, and ended at 5:00 PM on Friday, July 10, 2026. The resolutions are deemed to have been passed on July 10, 2026.

Proposed Resolutions and Implications

The postal ballot contained two special resolutions:

1. Appointment of Mr. Nilesh Shivji Vikamsey (DIN: 00031213) as Non-Executive Independent Director

2. Appointment of Mr. Ravindra Babu Garikipati (DIN: 00984163) as Non-Executive Independent Director

These appointments strengthen the bank's board composition with independent oversight.

Voting Process and Methods

The voting was conducted exclusively through remote e-voting facilities provided by National Securities Depository Limited (NSDL). No physical polling or postal ballot forms were used. The cut-off date for determining voting rights was Friday, June 5, 2026.

Advertisements were published in Financial Express (English) and Loksatta (Marathi) on June 9, 2026, to inform members about the completion of dispatch of postal ballot notices.

Key Voting Outcomes

Resolution 1: Appointment of Mr. Nilesh Shivji Vikamsey

  • Total votes cast: 59,17,43,819 (99.99% in favor) + 34,999 (0.01% against) = 59,17,78,818 votes
  • Number of members voted: 2,717 in favor, 151 against
  • Invalid/abstain votes: Nil

Resolution 2: Appointment of Mr. Ravindra Babu Garikipati

  • Total votes cast: 59,17,40,667 (99.99% in favor) + 36,107 (0.01% against) = 59,17,76,774 votes
  • Number of members voted: 2,707 in favor, 156 against
  • Invalid/abstain votes: Nil

Category-wise Voting Breakdown

Resolution 1:

| Category | Shares Held | Votes Polled | % Polled | Votes For | Votes Against | % For | % Against |

| Promoter & Promoter Group | 11,75,16,010 | 11,75,16,010 | 100.00% | 11,75,16,010 | 0 | 100.00% | 0.00% |

| Public Institutions | 50,98,58,386 | 44,21,22,442 | 86.71% | 44,21,07,021 | 15,421 | 99.9965% | 0.0035% |

| Public Non-Institutions | 15,17,58,356 | 3,21,40,366 | 21.18% | 3,21,20,788 | 19,578 | 99.9391% | 0.0609% |

| Total | 77,91,32,752 | 59,17,78,818 | 75.95% | 59,17,43,819 | 34,999 | 99.9941% | 0.0059% |

Resolution 2:

| Category | Shares Held | Votes Polled | % Polled | Votes For | Votes Against | % For | % Against |

| Promoter & Promoter Group | 11,75,16,010 | 11,75,16,010 | 100.00% | 11,75,16,010 | 0 | 100.00% | 0.00% |

| Public Institutions | 50,98,58,386 | 44,21,22,442 | 86.71% | 44,21,07,021 | 15,421 | 99.9965% | 0.0035% |

| Public Non-Institutions | 15,17,58,356 | 3,21,38,322 | 21.18% | 3,21,17,636 | 20,686 | 99.9356% | 0.0644% |

| Total | 77,91,32,752 | 59,17,76,774 | 75.95% | 59,17,40,667 | 36,107 | 99.9939% | 0.0061% |

Scrutinizer's Role and Findings

Mr. Alwyn D'souza of M/s Alwyn Jay & Co., Company Secretaries, was appointed as the scrutinizer. The votes were unblocked from the e-voting website (https://www.evoting.nsdl.com/) at 5:07 PM IST on July 10, 2026, in the presence of two witnesses (Edlon Dsouza and Krishnakant Adagale).

The scrutinizer confirmed that the postal ballot was conducted in compliance with Sections 108 and 110 of the Companies Act, 2013, Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014, and relevant MCA circulars including General Circular No. 14/2020, General Circular No. 17/2020, and General Circular No. 03/2025.

Compliance Confirmation

The bank confirmed compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, particularly Regulation 44(3) for results disclosure and Regulation 30 read with Para A (13) of Part A of Schedule III for proceedings disclosure.

Additional Information

The total number of shareholders on the record date was 592,864. The results are being uploaded on the bank's website at www.indusind.bank.in. The promoter and promoter group were not interested in either resolution.